Newmont (Ondo Tokenized) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 293.2× the size of Newmont (Ondo Tokenized) (NEMON) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 29 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NEMON's 42%.

Correlation: 0.15
Size ratio: 1 : 293.2

Newmont (Ondo Tokenized)NEMON

$108.6500

24h: —
Market cap: $544,462
Volume 24h: $2,390
Volatility (ann.): 42%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

NEMON 0.3%Share of the two combined market caps99.7% CRCLB

Performance

NEMONCRCLB

7 days-5.05%-7.34%NEMON
30 days-11.28%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.15over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	NEMON	CRCLB
Max drawdown (400d)	-11.8%	-31.5%
Risk-adjusted return (90d)	-0.27	0.25

Relative strength over 90 days: NEMON outperformed CRCLB by 10.3% — measured on the NEMON/CRCLB ratio, so it holds regardless of market direction.

Newmont (Ondo Tokenized) →Circle Internet Group (bStocks Tokenized Stock) →